New Listings In Warrington

The best places in Florida

Warrington Real Estate Market Facts

$82,500Median home price51% lower than Florida

$803Median rent asked22% lower than Florida

55.5%Home owners14% lower than Florida

2.2People per home17% lower than Florida

The above shows an overview of the real estate market in Warrington, FL. Note how the median home price for Warrington, FL runs $82,500, which is 51% lower than the average property price for Florida. So you’re going to get real estate in Warrington, FL that is on-average more affordable than what you’ll find in the rest of Florida. As for rent, the median for Warrington, FL runs $803, which is comparatively 22% lower than the average rent for Florida. For Warrington, FL, about 55.5% of the population consist of home owners with about 2.2 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Warrington, FL offers a wide variety of real estate. To find your perfect home in Warrington, FL, filter your choice by price, location, and number of beds and baths using the search area above.

Warrington Home Affordability

$82,500Median home price51% lower than Florida

$36,818Median home income25% lower than Florida

2.2xHome price to income ratio34% lower than Florida

When deciding where to purchase Warrington, FL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Warrington, FL the median home price is $82,500 and $36,818 is the median household income. As a result, the home price to income ratio in Warrington, FL is 2.2x, which is 34% lower than the Florida average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Warrington, FL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Warrington, FL.

Warrington Affordability Calculator

Gross annual income

$

Down payment

$

Other monthly debt

$

Interest rate

%

Loan term

Yrs

Annual property tax

$

Annual home insurance

$

Annual HOA dues

$

Include PMI

You can afford a home up to:

Debt-to-income ratioMonthly income breakdown

Monthly income

Monthly payment

Debt payment

Income taxes

Remainder

When looking for real estate in Warrington, FL, finding one that won't strain your budget is imperative. That's when the home affordability calculator comes in handy. It allows you to calculate the cost of a property in Warrington, FL, not only by considering your income, but debts and down payment amounts as well. You can personalize the home affordability calculator even further by adding in additional factors like length of mortgage term, property taxes, home insurance costs, mortgage rate, and HOA dues. The calculator will come up with an estimated cost of home ownership and display an amount that would fit within your budget. Knowing this figure will help you find a home that you can afford in Warrington, FL and keep you from looking at places that are out of financial reach. Therefore, you can avoid disappointment and emotional attachment to homes you would not be able to afford. Additionally, this tool allows you to balance your budget because it also calculates the amount of money left over for savings and other expenses.

Warrington Mortgage Calculator

Home price

$

Down payment

$%

Interest rate

%

Loan term

Yrs

Property tax

$%

Annual home insurance

$

Annual HOA dues

$

Your monthly payment will be:Monthly payment breakdown

Monthly payment

Mortgage

PMI fees

Property tax

Home insurance

HOA dues

If I buy a real estate in Warrington, FL, what can I expect to pay monthly? There are a number of different factors that will go in to determining your monthly cost. While most people understand how significant the overall price of the house goes into determining the payment amount, it's also important to know that there are a variety of other variables to consider. These include things such as property taxes, private mortgage insurance (PMI), home owner's association dues, interest rate, and how much of a down payment has been made on the house. Understanding these is a great way to reduce overall payment. For example, you can reduce the private mortgage insurance by making a down payment of 20%. The mortgage calculator above will have all of these variables already filled out with default data, but you can customize it to give you a much more accurate reading. Generally speaking, you want to keep your debt to income ratio at about 36% when calculating your monthly house payment, which means paying no more than 36% of your monthly salary towards your housing and other debts.